Samhällsbyggnadsbolaget i Norden AB (publ) updates two of its financial targets: Net LTV below 60% and ICR of at least 1.8 times
Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB" or "the Company") announces that it has updated two of its financial targets with an objective to further strengthen its financial muscles. Updated financial targets are: · to maintain a net LTV below 60% (from 65 %), and · to maintain an interest coverage ratio (ICR) of at least 1.8 times (from 1.5). “-Our rental income is improving and is currently exceeding 1.5 billion SEK on yearly basis. SBB reported an adjusted equity ratio of 36 % at the end of Q3 2017 and we are now confident to sharpen our financial targets. The new